What is the blockchain technology not about ?
The blockchain technology is a moving technology. It is a technology that do not have a start point nor an end point. The blockchain technology is a technology on its own.
The blockchain technology is a moving technology. It is a technology that do not have a start point nor an end point. The blockchain technology is a technology on its own.
The main reason why businesses use blockchain is that blockchain could create a complete record, that craft in its chain that shows every data movement that happens. The data record is shared with all the stakeholders within a close loop network.
Have you ever realized the power of Ethereum? In this article, we will discuss a few applications that the Ethereum blockchain is being used for. With more than 300, 000 developers across the world developing applications using more than 10, 000 nodes, Ethereum’s power is only beginning to be felt.
The purpose of innovative solutions is to be more efficient, secure and trusted in comparison to present solutions. While blockchain for sure has proved to be more secure and trustworthy, there seems to be one area in which more innovation is required to polish it up and make it to near perfection. That is the area of efficiency.
Blockchain is a combination of two long-standing technological developments.The first one is distributed ledger technology, and the second one is cryptography. The same holds true with bitcoins as a cryptocurrency. Its base is the blockchain which sits on the two old technologies. We see how human innovation is truly avoiding reinventing the wheel and the efforts are paying off.
To gain benefit from cryptocurrency investment trends while keep maintaining the risk, the government in several countries start to create their cryptocurrency. Know as Central Bank Digital Currency (CBDC), a digital form of a national fiat currency claimed by the central bank.
Now, everything takes place between the buyer and seller in all security as functions that were being done by banks and lawyers like payments, listing and legal documentation is now being done by platforms using as technology, the blockchain.
n some developing countries, the award of scholarships to needy sections of society is not done transparently and fairly. How can blockchain be applied in such situations to bring fairness and transparency in the whole selection and award process?
Facebook has launched a cryptocurrency library that allows users to make international purchases or payments on Messenger and other group platforms from 2020.
Some say, blockchain chain technology is transparent. How is this true when the number of black-market transactions keep increasing and being successful with nothing done to stop it.
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